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Property profile & analytics
OFF-MARKET
Estimated value
$10,885,000
Warehouses
9645 Tropicana Ave Las Vegas, NV 89147-8461
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0355701
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,600 SF
Lot
3.71 ac (161,608 SF)
APN
163-30-517-003
UPID
US62-0355701
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mini U Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.17M
CAP Approach
CAP
$8.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.89M
Owner & transaction history
Las Vegas Mini U Storage LLC · 5 yrs held
Las Vegas Mini U Storage LLC
since 2020
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,960,000
ML approach
$10,170,000
CAP Approach
CAP Return
Estimation
6%
$9,365,000
6.5%
$8,645,000
7%
$8,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,295,000
Current use
Blend value · Realmo final
$10.89M
Range $9.80M – $11.97M · ±10% · vs last sale $11.33M (Sep 1 2020)
Last sale anchor
$11.33M
Sep 1 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$180 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$68,975
Tax year 2023
Assessed value
$3,439,408
Assessed 2024
Previous assessed
$2,174,382
+58.2% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,203,656
Assessed improvement
$2,235,752
Land market value
$3,439,017
Improvement market value
$6,387,863
Total market value
$9,826,880
Applied tax rate
417.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OIL
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
336
Total area
60,600 SF
Lot
3.71 ac (161,608 SF)
APN
163-30-517-003
UPID
US62-0355701
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.3M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OIL
Cooling
Yes
Stories
1
Buildings
2
Units
336
Lot
3.71 ac
Current owner
From public records · entity-resolved
Las Vegas Mini U Storage LLC
Entity
Mailing address
4675 MACARTHUR CT STE #500, NEWPORT BEACH, CA 92660-1839
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2021
—
Las Vegas Mini U Storage LLC
—
Deed
related
$4,500,000 · Western Alliance Bank
Sep 1, 2020
$11,325,000
Las Vegas Mini U Storage LLC
West Trop Storage LLC
Grant Deed
—
May 20, 2016
—
West Trop Storage LLC
—
Deed
related
$4,700,000 · Nevada St Bk
Sep 1, 2005
$6,600,000
West Trop Storage LLC
Tropicana West LLC
Bargain And Sale Deed
$5,000,000 · Colonial Bank NA
Jun 15, 2005
$339,377
Tropicana West LLC
Centennial Hills I LLC
Grant Deed
related
—
Jan 7, 2004
—
Tropicana West LLC
—
Trustees Deed
related
$1,350,000 · Community Bank Nevada
Oct 15, 2003
—
Tropicana West LLC
Centennial Hills I LLC
Grant Deed
related
—
—
—
West Trop Storage LLC
—
Deed Of Trust
related
$5,000,000 · Not Available Not Available
—
—
West Trop Storage LLC
—
Deed Of Trust
related
$4,700,000 · Nevada St Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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